This report by the Centre for Sustainability, Equality and Climate Action, Queens University Belfast and the Place-Based Climate Action Network for UK100 presents a synthesis of existing work relating to the economic benefits of local climate action.
It offers cross-sector insight into how investment in local climate action can lead to tangible emission reduction, but can also create good quality green jobs, economic opportunities, important social co-benefits and level up areas across the UK as we seek to recover from the COVID-19 pandemic.
It presents a clear evidence base that highlights not only is Net Zero transformation possible, but also that the costs of inaction are immense.
- Investment in climate action at the local level would see over 800,000 green jobs across the UK by 2030, rising to 1.38 million total jobs by 2050
- For every £1 invested in climate mitigation and protecting communities from the impacts of extreme weather events a further £9 is saved
- If UK businesses reduce carbon emissions to Net Zero by 2030 instead of 2050, then society (including the private sector) would escape costs equivalent to £1.1 trillion
- One in five workers, and 6.3 million jobs in total, will be affected by the transition to a Net Zero carbon economy across the UK, with around three million workers requiring upskilling and around three million in high demand.